Green light from the European Commission Spanish aid program worth 837 million € to support battery production for electric vehicles. The plan designed by Pedro Sánchez Government of Brussels “necessary, sufficient and proportionate” To accelerate the ecological transition and facilitate the development of some important economic activities European Green Deal. The program will be partially funded by recovery funds and will provide assistance in the form of grants and direct loans.
“The creation of this €837 million Spanish aid program to support battery production is an important step in the transition to a net zero emissions economy while maintaining a level playing field in the single market, in line with compliance objectives,” it said. vice president and competition commissioner, Margrethe Vestager.
Brussels considers the plan to be in line with the requirements set in the EU. time frame crisis and transition. Assistance will encourage the production of equipment specifically related to the transition to a net zero emissions economy; and the second will be awarded no later than 31 December 2025.
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Assistance may be appropriate, as announced by the European Commission companies that manufacture batteries, their key components and related raw materials. The maximum amount of assistance per beneficiary for investments in the battery field will be between EUR 100 and 300 million, depending on whether they are made in a region that qualifies for cohesion funds; not to exceed 100 million euros for investments in core components; and a maximum of 25 million euros for raw material investments.
The Community Executive’s analysis determined that the Spanish regime was necessary, adequate and proportionate. accelerating the ecological transition and to allow EU governments to use the flexibility provided in state aid rules, adapting to the conditions set in the Interim Crisis and Transition Framework adopted on 9 March, to facilitate the development of certain economic activities and to encourage support measures in key sectors for the transition to a zero net emissions economy. It was adopted at the end of March last year.